2010-05-17

Ruling America

And now for something opposite of the government: Wealth. As in who owns how much in the United States? The majority of it is in the hands of a few. While only Switzerland supasses the U.S. in terms of wealth held by the top 10% of the adult population, the story is similar in other wealthy nations.

The why's, how's, do's and dont's have shaped the discourse on this issue and I for one need to get some rest before I comment on this.

In the meantime, knock yourselves out. Neat tables and graphs and all.

Excerpt:

"...that the top 10% of the world's adults control about 85% of global household wealth -- defined very broadly as all assets (not just financial assets), minus debts. That compares with a figure of 69.8% for the top 10% for the United States. The only industrialized democracy with a higher concentration of wealth in the top 10% than the United States is Switzerland at 71.3%. For the figures for several other Northern European countries and Canada..."

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